A model answer for the question: With the help of an appropriate diagram, explain how the price elasticity of demand for road travel will affect the total revenue that the government receives if it increases the taxes on fuel (10 marks) Question taken from AQA Unit 1 Question Paper January 2013

This resource is a game which can take a whole lesson. Students need to work together to break the safe before the time runs out. To break the safe they need to solve eight puzzles (tasks) and find the correct letters for the eight letter password. However this is a very secure safe and the password will change every 5 minutes so students need to work quickly, accurately and together. The tasks are as follows: - Functions and characteristics of money looking at Bitcoin - Crowding Out - The Economic Cycle and Monetary Policy - Calculating Bond Yields and Coupons - Bank Balance Sheet - Financial Markets Key Terms - General Financial Markets Questions - Assets and Liquidity All tasks have been uploaded in editable PDF versions and word/powerpoint versions for teachers to amend as appropriate. The answers have also been uploaded in a separate document. These tasks could instead be used as worksheets if this would better suit your teaching. All of the questions have been written with the new A Level Economics specification in mind. In particular the financial markets topic.

A resource including two worksheets (can be given as homework or class activities) and two teacher powerpoint presentations on aggregate demand and short run aggregate supply only. I have also included suggested evaluation for the AD worksheet.

This worksheet gets students to think of (and draw) the characteristics of homo economicus and how useful a theory it is to economists today. There is also a completed worksheet with suggested teacher answers.

Case studies for OCR Economics of Work and Leisure F583 Compares the different characteristics of markets with evidence from the cinema and broadcasting industries

A fun game or starter that gets students to apply their knowledge of price elasticity of demand. Students are shown a good and given its elasticity. They are next shown another good and have to guess whether the next goods elasticity will be higher or lower. This sparks a discussion of whether a good is likely to be price elastic or inelastic and how elastic or inelastic it will be. This can be done either as a whole class activity or in two smaller groups as there are two sets of questions. For each set there are 10 goods which range in difficulty.

A worksheet that gets students to pretend to be the owners of a smoothie business and apply their knowledge of elasticity, factors of production, related markets, taxes and supply and demand diagrams.

An activity that gets students to sort steps to explain how the economy moves from one equilibrium position to another. This scenario discusses excess demand. Includes answers.

An activity that would be good as an end of topic review. The monopoly question inception has questions inside a question inside a question. All the PDF's are editable so can be uploaded into each other and create a professional looking document at the end. Students must answer the following question: To what extent do monopolies exploit consumers? And fill in the Monopoly Sheet. To do this they must categorise the following eight arguments into arguments for and arguments against the statement. They can then be uploaded into the Monopoly Sheet which is the main document. However, none of these arguments are complete and each need students to complete various tasks before they can be included into the main document. These include gap fills, word searches, true or false, definitions, explanations, interpreting pictures, evaluation, including key words etc. Once they are completed they must be saved as PDF's and uploaded into the main document (which is also saved as a PDF). When using this resource I didnt tell the students the titles of the PDF's but renamed them into 'argument 1, argument 2, argument 3 etc.' This prevents any clues being given away. At the end of the lesson students have effectively worked together to write an essay plan which can also be used for revision. I found this lesson to be very successful as it stretches and challenges more able students, but still has opportunities for weaker students to shine and encourages them to work together to consolidate their knowledge. Topics covered include: - Price Discrimination - Static Efficiency: Allocative Efficiency, Productive Efficiency and X Efficiency - Dynamic Efficiency - Business Objectives - Economies of Scale - Natural Monopoly - Output and Prices - Minimum Efficient Scale - Evaluation

A one page monopolistic competition worksheet getting students to apply their knowledge and assess advantages and disadvantages of a monopolistically competitive firm. There is also an accompanying powerpoint presentation and my answers which I have handwritten and scanned in.

A fun worksheet that can either be used on laptops with editable PDF's or printed and given as a worksheet in class. There are 10 theory of the firm diagrams that students have to give a title to. Will encourage students to label their diagrams fully! It could be used as an extension task, lesson starter, lesson activity or homework. Diagrams include: - Natural monopoly - Oligopoly kinked demand curve - Diminishing marginal returns - Monopoly - Monopoly and DWL - Marginal Cost - Economies of Scale/Envelope Curve - Shut down point - Allocative efficiency - Break even/ contestable monopoly/ normal profits

This two page economics worksheet is topical for the upcoming elections and could be used as a end of year lesson, for revision, or during lessons on supply side policies. It gets students to analyse the impacts of each of the proposed policies and justify their opinions. The policies are: - Reducing corporation tax - Making university education free - Restricting immigration There are also two extension questions for students who need a stretch and challenge. This resource also includes some suggested teacher answers.

The fundamental economic problem worksheet with questions on opportunity cost, ceteris paribus, assumptions, infinite wants and finite resources and positive and normative statements. This is the first worksheet I give my students once we have covered some basic concepts.

This resource contains two worksheets designed to challenge students and apply their knowledge of behavioural economics to solve market failures in the fast food market and increase household recycling. Both worksheets come with suggested teacher answers and can prompt a good discussion at the end of the lesson when deciding whether nudges are more effective in the fast food market or to encourage recycling. The worksheets are different difficulties, with the recycling worksheet being the more difficult of the two.

Editable pdf worksheet that ensures students can distinguish between the different definitions for the production, cost and revenue topic. It is a useful resource for students to have completed when it comes to revision and develops A01 skills of knowledge by defining key terms with examples. An editable PDF means that text boxes are able to be written in, but you will not be able to change the design of the sheet. This resource should only be used for students with access to computers as printing it will not work.

A labour market failure revision booklet originally designed for OCR F583 but may also be suitable for AQA labour market topics. The first half has blank spaces for students work work through themselves, I usually print each slide in A4. The second half if a teacher copy with the answers to the questions filled in. Contents of the slides include . . . A) Causes of labour market failure - Monopsony - Trade unions - Unemployment - Economic inactivity - Segmented labour markets - Discrimination - Skill shortages - Immobility of labour - geographical and occupational immobility - Information failure B) Assessing Labour Market Policies - Education and training - Information provision - Regional policy - National minimum wage - Strengthening trade union power - Leaving to the free market

A differentiated monopoly themes worksheet which allows students to choose their level and pushes them further. Stretches and challenges more able students. A game format to encourage students to try their best. Also includes teacher answers. Also covers natural monopoly and price discrimination.

Economics scategories for AS microeconomics. Students are given a trigger word and they have to write down as many words or statements that go with this word as they can think of in three minutes, this can either be done in teams or individually. There is an macro economic example to start off to demonstrate the game to the students. To win students must come up with as many words as they can think of that are related to the trigger word and that no one else has thought of. You score as you would do in scategories, for example if both students write down PED for example, neither of them can get a point for it. This encourages students to think outside of the box. After each trigger word there is a slide with suggestions of what students could have put, but there will be far more than just these and ultimately it will be up to the teacher to decide whether a phrase is related or not.

An activity that stretches and challenges more capable students by getting them to apply their knowledge of demand and supply shifts and price elasticity of demand and supply. Ask them to read the attached article then answer the following questions: Read the BBC news article from March 2016 detailing Britain's biscuit shortage and answer the following questions: 1. How have the demand and supply curves for biscuits been affected? 2. Why haven't the price of biscuits increased rapidly? 3. What impacts might there be in related markets? 4. How has Asda's experience of the crisis been different? How might this affect their elasticity? 5. Do all biscuits have the same elasticities? Justify your answer using the information from the article

This is a short handout I give to students who want to understand why sometimes the PPF curve is curved and at other times it is straight. As an extension task they are asked to show why the opportunity cost increases when approaching specialisation.